|
BAODING, China, July 2 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy
Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or "the Company"),
one of the world's leading vertically integrated photovoltaic ("PV") product
manufacturers, today announced it has been selected by SDIC Huajing Power
Holding Co., Ltd. ("SDIC Huajing"), a subsidiary of the State Development and
Investment Corp. ("SDIC"), to supply PV modules for a 10 MW on-grid solar
plant in Dunhuang, Gansu Province, which has been approved by the provincial
Development and Reform Commission in Gansu.
"We are pleased to be partnering with Yingli Green Energy, one of the
leading global manufacturers of PV modules, to develop the Dunhuang project
together," commented Mr. Weidong Wang, General Manager of SDIC Huajing. "As a
leading state owned electricity supplier, we have both the responsibility and
opportunity to make renewable energy a reality in China, and we believe this
10 MW project demonstrates our commitment to this goal. Our advantage lies in
our ability to leverage our established network of existing traditional power
projects and manpower already on the ground in Gansu. We are confident that
western regions such as Dunhuang will be big markets for solar power as they
receive abundant natural sunlight and local governments are very open to
investments by solar companies."
"We are very pleased to have established this strategic alliance with SDIC
Huajing," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer
of Yingli Green Energy. "As part of our strategy to build a greater presence
in China's domestic solar market, we are seeking to establish strategic
relationships with leading grid companies, such as SDIC Huajing, whose wealth
of experience in China's power supply market gives them unique insights into
the domestic solar market."
Mr. Miao continued, "Moreover, the launch of this on-grid solar plant in
Dunhuang demonstrates the Chinese government's commitment to developing the
renewable energy sector in China. As a leader in the global PV industry with
more than ten years' experience and a proven track record in key global solar
markets, we believe Yingli Green Energy is well positioned to continue
capturing growth both in the China market and worldwide."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE) is one of the
world's leading vertically integrated PV product manufacturers. Yingli Green
Energy designs, manufactures and sells PV modules and designs, assembles,
sells and installs PV systems that are connected to an electricity
transmission grid or operate on a stand-alone basis. Based in Baoding, China,
Yingli Green Energy sells its PV modules to system integrators and
distributors located in various markets around the world, including Germany,
Spain, Italy, South Korea, Belgium, France, China and the United States.
About SDIC Huajing Power
SDIC Huajing Power is a Shanghai-listed company engaged in investment,
generation, operation and sale of electric power. The Company operates power
generation plants in Gansu, Yunnan, Jiangsu, Fujian, Anhui and Guangxi
provinces, China. By 2010, SDIC expects that 3% of its generators will be
powered by non-water renewable energy, and by 2020, it expects that figure to
rise to 8%.
Safe Harbor Statement
This press release contains forward-looking statements. These statements
constitute "forward-looking" statements within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended, and as defined in the U.S.
Private Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes," "estimates" and
similar statements. Such statements are based upon management's current
expectations and current market and operating conditions, and relate to events
that involve known or unknown risks, uncertainties and other factors, all of
which are difficult to predict and many of which are beyond Yingli Green
Energy's control, which may cause Yingli Green Energy's actual results,
performance or achievements to differ materially from those in the
forward- looking statements. Further information regarding these and other
risks, uncertainties or factors is included in Yingli Green Energy's filings
with the U.S. Securities and Exchange Commission. Yingli Green Energy does not
undertake any obligation to update any forward-looking statement as a result
of new information, future events or otherwise, except as required under
applicable law.
For further information, please contact:
In China:
Qing Miao
Director, Investor Relations
Yingli Green Energy Holding Company Limited
Tel: +86-312-3100-502
Email: ir@yinglisolar.com
Courtney Shike
Brunswick Group LLC
Tel: +86-10-6566-2256
Email: cshike@brunswickgroup.com
In the United States:
Katie Cralle
Brunswick Group LLC
Tel: +1-212-333-3810
Email: kcralle@brunswickgroup.com
SOURCE Yingli Green Energy Holding Company Limited
|
